Sensex down 60 points in early trade
Mumbai: The BSE benchmark Sensex on Tuesday fell by almost 60 points in early trade on sustained selling by investors on worries over domestic political stability and a weakening trend in global markets.
Extending losses for the 8th straight session, the 30-share barometer fell by 59.72 points, or 0.32 percent, to 18,621.70 with all the sectoral indices led by realty and auto, falling up to 0.90 percent. The index had lost 890 points in the past seven sessions.
Similarly, the wide-based National Stock Exchange index Nifty fell by 20.10 points, or 0.36 percent, to 5,613.75.
Brokers said continued selling by funds as well as retail investors on worries over domestic political stability and a weak trend in the Asian region in line with overnight fall on the global markets dampened the trading sentiment.
Besides, approaching monthly expiry in the derivatives segment and financial year ending too triggered selling, they said.
In the Asian region, Hong Kong's Hang Seng index shed 0.19 percent, while Japan's Nikkei fell 0.67 percent in early trade on Tuesday. The US Dow Jones Industrial Average ended 0.44 percent lower in Monday's trade.